Patents Examined by Jagdish N Patel
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Patent number: 7840423Abstract: An insurance premium rate setting support system is composed of a computer and includes: a probability-increase/strong-influence location coefficient setting section which sets a probability-increase/strong-influence location coefficient by obtaining the coefficient based on a predetermined function; and an earthquake insurance premium rate computation section which computes an insurance premium rate where an increase in the earthquake occurrence probability, based on the estimated strain accumulation, is reflected by multiplying together the set probability-increase/strong-influence location coefficient and an insurance premium rate where the increase in the earthquake occurrence probability, based on the estimated strain accumulation, is not reflected.Type: GrantFiled: December 27, 2005Date of Patent: November 23, 2010Assignees: Shinko Kigyo Corp., Chiyoda Gravure Corp.Inventor: Hisayoshi Sato
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Patent number: 7840482Abstract: A high speed technique for options pricing in the financial industry is disclosed that can provide both high throughput and low latency. A parallel/pipelined architecture is disclosed for computing an implied volatility in connection with an option. Parallel/pipelined architectures are also disclosed for computing an option's theoretical fair price. Preferably these parallel/pipelined architectures are deployed in hardware, and more preferably reconfigurable logic such as Field Programmable Gate Arrays (FPGAs) to accelerate the options pricing operations relative to conventional software-based options pricing operations.Type: GrantFiled: June 8, 2007Date of Patent: November 23, 2010Assignee: Exegy IncorporatedInventors: Naveen Singla, Scott Parsons, Mark A. Franklin, David E. Taylor
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Patent number: 7840459Abstract: A system and method issues a credit card or other credit instrument to a user by first obtaining authorization and authentication from the user.Type: GrantFiled: May 21, 2004Date of Patent: November 23, 2010Assignee: Visa U.S.A. Inc.Inventors: Scott J Loftesness, Carol C Benson
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Patent number: 7840478Abstract: The present invention generally relates to brokerage systems and methods, and more particularly, to a multi-tiered trading system and corresponding methods which allow multiple customers and multiple dealers to transact on a single platform while maintaining the distinction of an inter-dealer system and a dealer-customer relationship.Type: GrantFiled: January 12, 2006Date of Patent: November 23, 2010Assignee: ICAP Services North America LLCInventors: Ronald A. Purpora, Daniel O. Cleaves
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Patent number: 7835974Abstract: A method of managing trading orders is provided. The method includes receiving a request to place a first order to trade a first product, the request being made using an account having one or more current balances. The method further includes determining a risk value for the first order based at least in part on the first product. The method further includes determining whether to approve the first order based at least in part on the risk value determined for the first order and one or more of the current balances for the account, and if the first order is approved, placing the first order.Type: GrantFiled: April 23, 2004Date of Patent: November 16, 2010Assignee: Cantor Index, LLC.Inventors: Adam Burgis, Lewis C. Findlay
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Patent number: 7835976Abstract: A financial management system includes a portal which makes transaction information available to a corresponding mutual fund in real time. In one implementation, information related to multiple portals can be presented to a mutual fund. Suitable programming may optionally identify, at least partially, the users associated with transactions associated with a given mutual fund.Type: GrantFiled: December 6, 2006Date of Patent: November 16, 2010Assignee: Mbox LLCInventors: George William Hagerman, Matthew Patrick Crooks, Lin Sun, Stephen Joseph Maegley, Kevin Robert Ancell
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Patent number: 7835978Abstract: A method for automatically linking an anonymous electronic trade order having an order quantity (q) to an identity of a trader by providing an identity marker (s) of the trader; embedding the identity marker (s) by splitting the anonymous trade order into a number (n) of trade orders each having a corresponding order quantity x (i) to generate a trade order set; and placing the generated trade order set in an electronic order book.Type: GrantFiled: December 19, 2006Date of Patent: November 16, 2010Assignee: International Business Machines CorporationInventors: Jan Leonhard Camenisch, Christopher Mark Kenyon
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Patent number: 7827094Abstract: Techniques are described for securitizing, administrating and trading various index shares securitized by derivative, cash-settled instruments on the underlying index.Type: GrantFiled: October 27, 2006Date of Patent: November 2, 2010Assignee: The Nasdaq OMX Group, Inc.Inventor: Steven M. Bloom
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Patent number: 7822670Abstract: The embodiments of this invention relate to methods for developing risked budgetary performance estimates by analyzing commodity price risk(s) utilizing cash-flow-at-risk assessments in combination with Monte Carlo simulations. This automated method for risk analysis, includes modeling assets of a portfolio as derivatives; collecting pricing data and volatility surfaces related to the derivatives; calculating and scaling simulated cash-flow-at-risk (CFAR) values to generate a risk profile; and evaluating the risk profile to determine if the risk profile meets predetermined risk characteristics or requires modification.Type: GrantFiled: June 29, 2007Date of Patent: October 26, 2010Assignee: Risked Revenue Energy AssociatesInventor: Wayne Penello
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Patent number: 7822675Abstract: Provided are systems, methods and techniques for, among other things, generating a master price quotation. In one representative embodiment, a representative creates a list that includes at least one item to be included within a master price quotation and submits the list to an automated bidding agent. In response, the automated bidding agent communicates requests for quotations to different automated entity agents, each such automated entity agent corresponding to a different entity. The automated bidding agent then receives the quotations from the automated entity agents, selects a best quotation, and communicates the best quotation to the representative for inclusion within the master price quotation.Type: GrantFiled: October 24, 2006Date of Patent: October 26, 2010Assignee: Hewlett-Packard Development Company, L.P.Inventors: Harumi Anne Kuno, Kevin Lee Smathers, Troy Shahoumian
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Patent number: 7818239Abstract: Methods of allocating dividends to a set of long positions. The methods may comprise the steps of identifying a set of short positions and matching the set of short positions with selected long positions from the set of long positions. The methods may also comprise the step of allocating a manufactured dividend to each of the selected long positions. Each manufactured dividend may originate from one of the set of short positions. The methods may additionally comprise the step of allocating a real dividend to any long positions remaining in the set of long positions.Type: GrantFiled: November 30, 2006Date of Patent: October 19, 2010Assignee: Morgan StanleyInventors: Robert Davis, Massimiliano Cavalli, James Levi, Simon Mehaffey, Tim Neary, Paul Chinnick
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Patent number: 7814011Abstract: The present disclosure provides for calculating an amount of child support. First, data is received relating to at least one of a non-custodial parent and a custodial parent utilizing a network. The data may include income, number of children, basic support, insurance premium, child care cost, and/or additional expenses. During use, an amount of child support due based on the received data. Such calculated amount of child support due is displayed utilizing the network.Type: GrantFiled: April 27, 2000Date of Patent: October 12, 2010Assignee: Accenture LLPInventors: David Wilkins, John Nichols, Jim Fredricks, Keith Ketcher
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Patent number: 7814000Abstract: Preferred embodiments of the subject invention comprise: (a) electronically receiving securities order-related data regarding a set of securities market participants; (b) electronically storing the received order-related data regarding the set of securities market participants; (c) electronically receiving a securities order-related query (or order parameters) from a first securities market participant; (d) based on the order-related query (or order parameters) received from the first securities market participant and on the securities order-related data regarding the set of securities market participants, computing a dissemination list of securities market participants based on ranking likely contras by probability of execution; and (e) transmitting that dissemination list to an entity who has been granted the privilege of receiving such lists in exchange for being contractually bound to respect confidentiality of the dissemination list and to use the list only for the purpose of sending securities-related iType: GrantFiled: July 17, 2008Date of Patent: October 12, 2010Assignee: Pipeline Financial Group, Inc.Inventors: Henri Waelbroeck, Fred J. Federspiel, James J. Angel
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Patent number: 7813976Abstract: In an on-line financial screening service, a database of financial and intellectual property information is searched to find at least one financial security matching user defined financial search criteria. Selection preferences for a financial security are defined as search criteria. The financial search criteria includes but is not limited to the following: Stock Price, Price/Earnings Ratio, Current Ratio, Debt/Equity Ratio, Cash/Price ratio, Earnings per Share Growth-1 Yr, Earnings per Share Growth-5 Yr, Insider Trades, Institutional Holdings %, Price/Book Ratio, Price/Cash Flow Ratio. The databases are repeatedly searched for records matching the financial selection criteria preferences of the user. Financial securities meeting the users search criteria are then matched to an intellectual property database to determine the number of patents a financial security has been issued.Type: GrantFiled: September 27, 2001Date of Patent: October 12, 2010Inventors: Terrence Sick, Eric Schneider, Michael L. Weiner
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Patent number: 7813993Abstract: A method includes generating a plurality of bid requests for processing a workpiece. Each bid request is associated with one of a plurality of resources capable of processing the workpiece. For each of the bid requests, a commitment window including a kernel specifying a time period required for processing the workpiece is generated. A first committed capacity of the associated resource is determined based on a schedule of engagements compatible with the processing required for the workpiece. A second committed capacity of the associated resource is determined based on a schedule of engagements not compatible with the processing required for the workpiece. A first rate function specifying a processing cost for the associated resource as a function of the first and second committed capacities is provided. The first and second committed capacities and the first rate function are combined to generate a basic cost function associated with the associated resource.Type: GrantFiled: August 30, 2002Date of Patent: October 12, 2010Assignee: Advanced Micro Devices, Inc.Inventors: Larry D. Barto, Yiwei Li, Steven C. Nettles, H. Van Dyke Parunak
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Patent number: 7813992Abstract: A financial product is based on a first fund that is traded on a trading marketplace in a first country. The financial product is registered in the first country. The first fund has the characteristics of being based on an index of securities that are traded in a second, different country. The first fund is arbitragable with a second fund that is based on the index and which is registered in a second different country. The first fund has a creation unit basis that is substantially the same basis as a creation unit basis for the second fund. The calculation of the net asset value of the first fund occurs at essentially or exactly the same time that second country fund has its NAV calculated.Type: GrantFiled: November 14, 2001Date of Patent: October 12, 2010Assignee: The Nasdaq OMX Group, Inc.Inventors: Steven M. Bloom, Michael S. Spector, John L. Jacobs
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Patent number: 7814015Abstract: Methods and systems for performing sales transactions using a mobile communications device and without requiring text messaging or paging services are disclosed. In one example, a subscriber desiring to purchase goods or services proceeds to a point of sale device where the purchase price for the goods or services is totaled. The subscriber then initiates a voice call with a central transaction server. The subscriber provides a point of sale device identifier and the purchase price to the central transaction server. The central transaction server contacts a local transaction server using the identifier provided by the subscriber. The central transaction server also prompts the subscriber to select the payment account for the transaction and verifies that the subscriber has sufficient credit to purchase the goods or services. The central transaction server locates a pending transaction entry in a database local to the point of sale using the device identifier provided by the subscriber.Type: GrantFiled: May 20, 2003Date of Patent: October 12, 2010Assignee: TekelecInventors: Robby Darren Benedyk, Cory Andrew Grant, Peter Joseph Marsico
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Patent number: 7813966Abstract: Controlling overtime in an auction is disclosed. A first time interval and a second time interval are defined. A first closing time for a first lot is also defined. A first bid is received for the first lot. A second bid is received for the first lot. A correlation between the second bid and the first bid is determined. The first closing time is extended using the second time interval if the correlation between the second bid and the first bid satisfies a trigger criterion. The trigger criterion is selected from a group consisting of a rank behind market and a quantity behind market.Type: GrantFiled: October 31, 2007Date of Patent: October 12, 2010Assignee: Ariba, Inc.Inventors: Marc Alaia, David J. Becker, Anthony F. Bernard, Daniel C. Heckmann, Sam E. Kinney, Jr., Glen T. Meakem, Vincent F. Rago, Jason Reneau, Frederick W. Roberts, William D. Rupp, Robert G. Stevens
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Patent number: 7809627Abstract: A financial product is based on a first fund that is traded on a trading marketplace in a first country. The financial product is registered in the first country. The first fund has the characteristics of being based on an index of securities that are traded in a second, different country. The first fund is arbitragable with a second fund that is based on the index and which is registered in a second different country. The first fund has a creation unit basis that is substantially the same basis as a creation unit basis for the second fund. The calculation of the net asset value of the first fund occurs at essentially or exactly the same time that second country fund has its NAV calculated. The agent for the first fund has the option of providing or accepting second fund shares or other securities, rather than cash, to cover “cash amount” obligations. Such obligations arise from the need to equate the value received or given for the first fund shares (e.g.Type: GrantFiled: February 15, 2002Date of Patent: October 5, 2010Assignee: The Nasdaq OMX Group, Inc.Inventors: Steven M. Bloom, Michael S. Spector, John L Jacobs
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Patent number: 7809631Abstract: The disclosed systems and methods relate to allowing trading of over the counter (“OTC”) foreign exchange (“FX”) contracts on a centralized matching and clearing mechanism, such as that of the Chicago Mercantile Exchange's (“CME”'s) futures exchange system (the “Exchange”). The disclosed systems and methods allow for anonymous transactions, centralized clearing, efficient settlement and the provision of risk management/credit screening mechanisms to lower risk, reduce transaction costs and improve the liquidity in the FX market place. In particular, the disclosed embodiments increase speed of execution facilitating growing demand for algorithmic trading, increased price transparency, lower cost of trading, customer to customer trading, and automated asset allocations, recurring trades as well as clearing and settlement efficiencies.Type: GrantFiled: November 17, 2006Date of Patent: October 5, 2010Assignee: Chicago Mercantile Exchange Inc.Inventors: Paul Andrew Bauerschmidt, Ari L. Studnitzer, William J. Albert, Lori Flemm, legal representative, Paul J. Callaway, James W. Farrell, A. Shanthi Thiruthuvadoss